Topic:"Revenue Requirement" in M12640

$117 Million Invest Nova Scotia Receivable On April 17, 2024, the Board approved a FAM BA rider that would begin collecting on behalf of Invest Nova Scotia the $117 million receivable (M11393). Collections from customers are required to ta...

AI summary The Board approved a FAM BA rider to collect a $117 million receivable from Invest Nova Scotia over 10 years. NS Power requests the extension of the rider to maintain the status quo and avoid a rate change inconsistent with approved costs, as the AA/BA rider application will not be decided by January 1, 2026.

$500 Million FLG In 2024 NS Power and NSPML worked with the Government of Canada to arrange for NSPML to issue $500 million in federally guaranteed debt, repayable over 28 years. The proceeds were provided to NS Power as a refund of Mariti...

AI summary NS Power is requesting the renewal of the AA rider on an interim basis to avoid temporary rate reductions caused by the expiration of the FAM riders before the GRA decision is finalized. This approach ensures rate stability without increasing customer costs.